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Fri 6 Dec 2019 17:41GMT

Latest Currency Headlines at SendMoney.org.uk

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Sterling (GBP) Buoyed by UK Election Optimism Published: 4 Dec at 3 PM
UK Election Optimism Buoys Pound Sterling (GBP) The Pound (GBP) received an upswing of support on Wednesday as confidence the Conservatives would secure a win in next week’s election increased. In YouGov’s latest poll Boris Johnson’s party boasted a nine-point lead against Jeremy Corbyn’s Labour which offset weak UK services...
US Dollar (USD) Suffers as Safe-Haven Demand Dwindles Published: 2 Dec at 5 PM
Pound Sterling (GBP) The Pound (GBP) fell against many of its competitors today after the UK Markit manufacturing PMI fell for its seventh month in a row, leaving Sterling investors feeling increasingly jittery over the health of the British economy. UK political developments also remained in focus, with markets becoming increasingly...
Euro to US Dollar Exchange Rate Surges on Latest Signs of US Economic Slowdown Published: 2 Dec at 4 PM
Could the Euro to US Dollar (EUR/USD) exchanged rate be starting December off on a bullish note? After weeks of mixed or poor performance in November, the pair saw a surge in demand on Monday as investors digested the latest Eurozone and US ecostats. It follows last week’s session, in which EUR/USD struggled for direction, opening the...
Stronger Eurozone Inflation Fails to Boost Euro Amid Focus on Politics and Global Trade Published: 29 Nov at 4 PM
Pound Sterling (GBP) The Pound’s movement steadied towards the end of the week. While markets bet the Conservative Party will win next month’s UK General Election, these bets have been largely priced into the Pound and as a result further gains for the currency are limited. Britain’s final November manufacturing PMI will be...
New Zealand Dollar (NZD) Rallies as Hawkish RBNZ Leaves Rates Unchanged Published: 13 Nov at 5 PM
UK Election Optimism Continues to Buoy Sterling (GBP) The Pound (GBP) remained largely stable today despite further disappointing data, with inflation slumping to a three year low and increasing the chances the Bank of England’s (BoE) next move is a cut. This came after Tuesday’s data revealed that the number of people out of work...
Sterling (GBP) Jumps as UK Avoids Recession Published: 11 Nov at 5 PM
Pound Sterling (GBP) Rises as UK Escapes Recession The Pound (GBP) rose against a handful of currencies on Monday as data revealed the UK had escaped falling into recession during the third quarter of 2019. Sterling rallied despite the data showing the country saw the weakest annual growth since 2010 when the UK clawed its way out of...
Sterling (GBP) Under Pressure Ahead of BoE Meeting Published: 5 Nov at 4 PM
Pound Sterling (GBP) Under Pressure as UK Service Sector Stagnates The Pound (GBP) was left under pressure on Tuesday after data revealed the UK services sector was left flat in October as new business fell for the second month in a row. Brexit uncertainty dented the sector, with the latest figure below trend, and was left at around...
Sterling Sturdy despite Expected Month of Election Uncertainty Published: 1 Nov at 3 PM
Pound Sterling (GBP) Despite concerns about an expected month of UK political uncertainty ahead of a December election, the Pound saw fairly solid demand over the past week. Investors are hoping that the ruling Conservative Party will perform well enough to pass its relatively soft Brexit plans. Britain’s October construction PMI will...
Pound (GBP) Steady on General Election Uncertainty Published: 29 Oct at 5 PM
Pound Sterling (GBP) The Pound (GBP) held steady against many of its competitors today after Labour leader Jeremy Corbyn confirmed that he would back Prime Minister Boris Johnson’s general election bill. However, after the Government was defeated on Creasy’s amendment, UK markets are remaining cautious as Boris Johnson could pull the...
Forex Markets Eagerly Awaiting Saturday’s Brexit Showdown for British Pound Outlook Published: 18 Oct at 3 PM
Pound Sterling (GBP) The Pound’s movement remained volatile until the end of the week. While relief over a new UK-EU Brexit deal helped the Pound to sustain gains throughout the week overall, uncertainty persists over whether the deal will actually be able to make it through UK Parliament. Parliament will hold its anticipated vote on...

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